Giana Balley works for JMK all year and eams a monthly salary of $11,800 There is no overtima,pay Giana's income tax wilthholding rate is 10% of gross pay In addition to payroll taves, Giana elects to contribute 3% monthly to United Way, JMK also deducts s275 monthly for co-payment of the health insurance premium. As of September 30, Giana had $106,200 of cumulative eanings O (Ckck the icon to view payroll tax rate information) Requirements 1. Compute Giana's net pay for October. 2. Joumalize the accrual of salaries expense and the payments related to the employment of Giana Bailey. Requirement 1. Compute Giana's net pay for October. (Round all amounts to the nearest cent.) Withholding deductions
Giana Balley works for JMK all year and eams a monthly salary of $11,800 There is no overtima,pay Giana's income tax wilthholding rate is 10% of gross pay In addition to payroll taves, Giana elects to contribute 3% monthly to United Way, JMK also deducts s275 monthly for co-payment of the health insurance premium. As of September 30, Giana had $106,200 of cumulative eanings O (Ckck the icon to view payroll tax rate information) Requirements 1. Compute Giana's net pay for October. 2. Joumalize the accrual of salaries expense and the payments related to the employment of Giana Bailey. Requirement 1. Compute Giana's net pay for October. (Round all amounts to the nearest cent.) Withholding deductions
Chapter3: Social Security Taxes
Section: Chapter Questions
Problem 4SSQ: Lori Kinmark works as a jeweler for a local company. She earns 1,000 per week, plus a year-end bonus...
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Transcribed Image Text:Giana Bailey works for JMK all year and eams a monthly salary of $11.800 There is no overtima,pay Giana's income tax withholding rate is 10% of gross pay In
addition to payroll taxes, Giana elects to contribute 3% monthly to United Way. JMK also deductss275 monthly for co-payment of the health insurance premium. As of
September 30, Giana had $106,200 of cumulative eamings
O (Cick the icon to view payroll tax rate information)
Requirements
1. Compute Giana's net pay for October.
2. Journalize the accrual of salaries expense and the payments related to the employment of Giana Bailey.
Requirement 1. Compute Giana's net pay for October. (Round all amounts to the nearest cent)
Withholding deductions
Net (take-home) pay
Frie
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